Five ways business data analysis can improve corporate travel

We’ve heard a great deal about how the travel industry at large is using big data at large to improve offers. However, what specifically can travel and expense managers do on a regular basis to gain powerful insights from their travel and expense data?

NB: This is a viewpoint by Patrick Taylor, CEO of Oversight Systems.

One proven, easy to implement strategy is to leverage business data analysis technology to collectively evaluate and routinely examine the details of expense data, and deliver insights that uncover patterns in behavior and deliver specific recommendations to directly and immediately improve your travel programs.

T&E is probably your company’s second largest discretionary expense, representing on average as much as 6% of all corporate expenses. As that percentage continues to grow in today’s emerging markets focused business environments, it’s important to make every budget dollar count.